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Nov 23, 2012
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the power of philanthropy on display after superstorm sandy hit. but now it's the charities that are hoping to get a lifeline from washington with a message don't push us over the fiscal cliff, charities are facing it on two fronts. many nonprofits receive government funding that could be slashed. and congress could reduce or cap the charitable deduction donors receive. among those worried, the urban institute. >> on the one hand you might say it's the taxpayer who obviously gets the tax break because they get to take a deduction and their taxes are lowered. but the flip side is if that tax deduction induces them or encourages them to give more to charity, you may argue that the ultimate beneficiary of the charitable deduction is not the taxpayer but actually the ultimate recipient of the charitable gift. >> reporter: one proposal supported by president obama would limit the amount the wealthiest americans could writeoff in charitable donations to 28% of their contribution instead of the current 35%. an idea from the simpson bowls presidential comm
the power of philanthropy on display after superstorm sandy hit. but now it's the charities that are hoping to get a lifeline from washington with a message don't push us over the fiscal cliff, charities are facing it on two fronts. many nonprofits receive government funding that could be slashed. and congress could reduce or cap the charitable deduction donors receive. among those worried, the urban institute. >> on the one hand you might say it's the taxpayer who obviously gets the tax...
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Nov 27, 2012
11/12
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>>> the price tag for superstorm sandy is growing. officials in new york state and new jersey say they'll need more than $70 billion to recover. in some ways the property devastation was worse than hurricanes katrina and rita combined. in some ways. in new york state alone sandy destroyed more than 300,000 homes. that's a lot of homes that have to be rebuilt. and as cnn's national correspondent deborah feyerick discovered, it means a lot of homeowners are looking for answers. >> reporter: when superstorm sandy hit, peggy thought she was ready. she paid decades worth of insurance premiums to be covered for catastrophe. so this is the letter basically denying -- >> i went to the office and this is what they gave me. >> reporter: she says her claim was denied. her deluxe homeowners policy covered hurricane and wind, not floods. >> she said you're not entitled to anything. you don't have flood insurance. >> reporter: down the block, tom sullivan was having a similar problem with a different insurance company. >> the water was coming out o
>>> the price tag for superstorm sandy is growing. officials in new york state and new jersey say they'll need more than $70 billion to recover. in some ways the property devastation was worse than hurricanes katrina and rita combined. in some ways. in new york state alone sandy destroyed more than 300,000 homes. that's a lot of homes that have to be rebuilt. and as cnn's national correspondent deborah feyerick discovered, it means a lot of homeowners are looking for answers. >>...
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Nov 26, 2012
11/12
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some of the day's other stories. >> massive price tag of superstorm sandy. new york mayor michael bloomberg putting damage to his city at $19 billion and skl for federal aid to cover about half of that cost. after subtracting private insurance payouts and fema insurance, the governor says it's more than the state can handle alone. >> and i know that the taxpayers of new york cannot shoulder this burden and i don't think it's fair to ask them to shoulder this burden. this nation has a long history as you saw in the other supplementals of helping others at a time of need and this state and this region of the country have always been there to support other regions of the country when they needed help. well, we need help today. cuomo goes on to say that getting the money through taxes would ruin the state. very close by state, seems to be settled. new jersey governor chris christie is running for re-election. he filed the papers to set up the campaign and raise money. with a huge rebuilding task, christie says the public needs to know he's in it for the long hau
some of the day's other stories. >> massive price tag of superstorm sandy. new york mayor michael bloomberg putting damage to his city at $19 billion and skl for federal aid to cover about half of that cost. after subtracting private insurance payouts and fema insurance, the governor says it's more than the state can handle alone. >> and i know that the taxpayers of new york cannot shoulder this burden and i don't think it's fair to ask them to shoulder this burden. this nation has...
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Nov 28, 2012
11/12
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he says they're going to talk about hurricane sandy, the fiscal cliff, some national security issues. but to your question, we already know that secretary of state clinton plans to depart treasury secretary geithner and even defense secretary leon panetta has made it clear he would like to leave within the year. the current white house chief of staff still considered the odds on favorite to get the nod to become the next treasury secretary from the president. it's believed he has the greatest chance here it's believed of getting senate confirmation. that leaves open the job of white house chief of staff. and i'm hearing that among the names that are being considered for that role are ron clay, the man once biden's chief of staff and did himself i'm told a great service in president obama's debate prep despite that bad first debate the president takes responsibility for it, does not blame mr. clain. and another name i've heard floated is dennis mcdunna. earned the great respect and admiration of the president. a young man not often considered in that light but the president admires him
he says they're going to talk about hurricane sandy, the fiscal cliff, some national security issues. but to your question, we already know that secretary of state clinton plans to depart treasury secretary geithner and even defense secretary leon panetta has made it clear he would like to leave within the year. the current white house chief of staff still considered the odds on favorite to get the nod to become the next treasury secretary from the president. it's believed he has the greatest...